Indo-Pak trders for strengthening bilateral trade

Traders in India and Pakistan Sunday said they would request their respective governments for setting up a common business park at Attari-Wagah border for showcasing their products as part of their efforts to boost bilateral trade between two nations.

Amritsar: Traders in India and Pakistan Sunday said they would request their respective governments for setting up a common business park at Attari-Wagah border for showcasing their products as part of their efforts to boost bilateral trade between two nations.

This was announced in a meeting between representatives of PHD Chamber and Lahore Chamber of Commerce and Industry and Pakistan-based Sargodha Chamber of Commerce and Industry, Jhelum Chamber of Commerce and Industry; and Gujranwala Chamber of Commerce and Industry.

"In this business park, industrialists of both the countries can showcase their products, hold short meetings and strike trade deals. No visa should be required for such meetings and ID proof should be sufficient," they said.

They resolved that they would pursue with the respective governments for business visas to be made available on the recommendation of a recognised Chamber of Commerce and Industry.

It was decided to request respective governments to open bank branches in each other's countries and also at ICP so that there is no problem in making the transactions.

"Local currency with monthly adjustments should be made possible so that trade should not be affected due to US dollar fluctuation," they said.

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